Gitlab Inc Stock Price on May 15, 2024
| GTLB Stock | USD 63.80 2.57 3.87% |
If you're considering investing in Gitlab Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gitlab stands at 63.80, as last reported on the 29th of November, with the highest price reaching 65.91 and the lowest price hitting 62.02 during the day. Gitlab appears to be very steady, given 3 months investment horizon. Gitlab Inc holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Gitlab's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Gitlab's Risk Adjusted Performance of 0.117, downside deviation of 2.28, and Market Risk Adjusted Performance of 0.2887 to validate if our risk estimates are consistent with your expectations.
At present, Gitlab's Sale Purchase Of Stock is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0.43, whereas Total Stockholder Equity is forecasted to decline to about 385.2 M. . At present, Gitlab's Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 328.76, whereas Price To Sales Ratio is forecasted to decline to 17.97. Gitlab Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gitlab |
Sharpe Ratio = 0.1716
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Gitlab is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gitlab by adding it to a well-diversified portfolio.
Price Book 15.9217 | Enterprise Value Ebitda (32.54) | Price Sales 15.3861 | Shares Float 101.3 M | Wall Street Target Price 67.3748 |
Gitlab Main Headline on 15th of May 2024
Disposition of 28091 shares by Sytse Sijbrandij of Gitlab at... by Sytse Sijbrandij
Filed transaction by Gitlab Inc Director, 10 Percent Owner, Officer: Chief Executive Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Gitlab Valuation on May 15, 2024
It is possible to determine the worth of Gitlab on a given historical date. On May 15, 2024 Gitlab was worth 55.51 at the beginning of the trading date compared to the closed value of 57.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gitlab stock. Still, in general, we apply an absolute valuation method to find Gitlab's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gitlab where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gitlab's related companies.
| Open | High | Low | Close | Volume | |
| 53.41 | 54.67 | 53.32 | 54.28 | 1,738,414 | |
05/15/2024 | 55.51 | 57.31 | 54.41 | 57.10 | 2,244,538 |
| 56.72 | 57.57 | 56.06 | 56.50 | 2,550,916 |
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Gitlab Trading Date Momentum on May 15, 2024
| On May 16 2024 Gitlab Inc was traded for 56.50 at the closing time. The top price for the day was 57.57 and the lowest listed price was 56.06 . The trading volume for the day was 2.6 M. The trading history from May 16, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.05% . The overall trading delta against the current closing price is 3.24% . |
Gitlab Inc Fundamentals Correlations and Trends
By evaluating Gitlab's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gitlab's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gitlab financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gitlab Stock history
Gitlab investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gitlab is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gitlab Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gitlab stock prices may prove useful in developing a viable investing in Gitlab
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 154.3 M | 142.4 M | |
| Net Loss | -155.1 M | -162.8 M |
Gitlab Quarterly Net Working Capital |
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Gitlab Stock Technical Analysis
Gitlab technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Gitlab Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Gitlab November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Gitlab stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gitlab shares will generate the highest return on investment. By undertsting and applying Gitlab stock market strength indicators, traders can identify Gitlab Inc entry and exit signals to maximize returns
Gitlab Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gitlab's price direction in advance. Along with the technical and fundamental analysis of Gitlab Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gitlab to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.3029 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1761 | |||
| Treynor Ratio | 0.2787 |
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Complementary Tools for Gitlab Stock analysis
When running Gitlab's price analysis, check to measure Gitlab's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gitlab is operating at the current time. Most of Gitlab's value examination focuses on studying past and present price action to predict the probability of Gitlab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitlab's price. Additionally, you may evaluate how the addition of Gitlab to your portfolios can decrease your overall portfolio volatility.
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